Intel Strategy for Achieving Wealth and Off Topic Message Board

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Technology Stocks : Intel Strategy for Achieving Wealth and Off Topic

INTC 36.20

+0.1%

Dec 26 9:30 AM EST

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To: Sonny McWilliams who wrote (22651)	2/7/1999 11:33:00 PM
From: puborectalis	Read Replies (1) of 27012

Some tidings from Elaine Garzarelli ......... The January employment data released Friday came in strong, with payroll employment rising 245,000 while the unemployment rate held at 4.3 percent (a 28-year low). In addition, this week the Fed left rates unchanged at its Open Market Committee meeting. We believe we are in an ideal economic environment with good growth and low inflation. In the short run, we need to keep a careful eye on interest rates, valuation and bullish advisor levels, since the combination is near correction levels. In the long run, however, we believe the U.S. stock market is poised to further its strong advances as interest rates decline more and inflation remains nil. We continue to look for a high of 1,400 for the S&P 500 and 11,000 for the Dow during the next six to 12 months.

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